4xgump

Presage is a scammer. Do business with them at your own risk!! I paid them for a one year subscription to their indicator and it they delivered an indicator that only worked for 2 months. Initially they setup the indicator on my PC and where completely oblivious to the fact that me being in a different timezone would affect the indicator and give completely different results than theirs. These guys are bungling *****s and they refused to refund me for the 10 months left on my subscription.

There are no "secrets to profits" in this business. Find a quantifiable edge in the market, couple it with a moneymanagement/trade size scheme that complements the risk profile of that edge, and cultivate the discipline to apply that edge as perfectly as possible day in and day out. There, that is the whole science laid out for you. Now you won't need to waste any more time chasing "secrets".

Anybody familiar with this indicator or system? Looks like it could be helpful..

 

http://www.ebay.com/itm/Forex-support-resistance-exact-entry-signal-swing-trading-day-trading-/280844434378?pt=LH_DefaultDomain_0&hash=item4163a1fbca

I took Bill Wolfe's Wolfe Wave course, and itic is NOT using anything even remotely close to original Wolfe Wave logic. Their understanding

of the pattern could'nt be more skewed if they tried. I've searched the internet high and low for info regarding Wolfe Waves, and there

are very FEW who understand the problem correctly. This is due to most people only getting their info from the "Street Smarts" book.

If that is your only reference to this pattern, then you will NOT trade it correctly. Mr. Wolfe's course is the only source for the correct

construction and trading of the pattern.

"A support level is a historical price that traders come in, and buy to "support the market" – and the more times it’s tested, the more valid the support will be.

 

Conversely, a resistance level is a level on the charts that "resisted prices from moving higher"- again the more times it’s tested, the more significant it becomes."

 

**

Supposed trading axioms like the two above do not hold any water when one actually begins to look into what is actually being said.

Here is the actual fact: The more times an area of support or resistance is tested the LESS significant it becomes and the more likely

it is to be broken. Markets are the arena within which the Law of Supply and Demand operate. A support level is formed when Demand

finds a price level where it overtakes the current amount of Supply. Every time a support level is retested, the Demand that existed at

that level is getting closer and closer to being exhausted. Every single retest of an area of support or resistance only serves to weaken

the forces of Demand or Supply that once existed at that level that originally caused it to become support or resistance. This causes

that price level to become LESS significant and much more prone to being violated.

Lighten up JBest. You're full of yourself......

What's the point of questions like this? There are as many different answers as there are members of this forum.

Anything from Greg Shrader? Would be greatly appreciated.

Is there a way to know about these govt interventions before they happen?

 

No, governments do not want to tip their hats to the world.

My stops always go in with my entry orders. If I don't know where I'm going to get out when I'm entering, then I have no business

entering in the first place.